07608, Teterboro, NJ

The home equity and home prices in the 7608 zip code of Teterboro, NJ are very high. The median home value in this zip code is $527,000, which is more than twice the national median home value of $177,500. The percentage of homes in this zip code that are owned by their occupants is also high at 86%. This indicates that many people in this area are able to afford to buy or rent a home.

One reason why the home values in this zip code are so high is because there are a lot of wealthy residents living here. The percentage of households earning over $200,000 per year is also high in this zip code, which means that there is a lot of money available to buy or rent a house. Additionally, Teterboro is located close to major cities like New York and Philadelphia, which means that there is a large population of potential buyers and renters.